Friday: Housing Starts

Friday:• At 8:30 AM,Housing Starts for May. Total housing starts increased to 1.172 million (SAAR) in April. Single family starts increased to 778 thousand SAAR in April. The consensus is for 1.160 million in May, down from the April rate.

• At 10:00 AM, Regional and State Employment and Unemployment for May 2016

[W]e find ourselves well into the lowest rates in more than three years, even if the pace of improvement is lagging the drop in US Treasury rates. … The average lender is now down to 3.5% in terms of conventional 30yr fixed quotes for top tier scenarios.